The government controlled Ally Financial Thursday morning filed an amended S-1 statement with the Securities and Exchange Commission, saying it hopes to sell $100 million worth of common stock to the general public.

No offering date or share price was provided.

In the first 10 pages of the offering document, the bank holding company highlights its auto lending business and gives scant attention to its residential finance division, Residential Capital Corp., which also uses the trade name GMAC Mortgage.

Its sole mention of the mortgage unit in those pages reads: “We also operate a residential mortgage loan franchise focused on the origination and servicing of conforming and government-insured residential mortgage loans.”

Its IPO lead underwriters include Barclays Capital, Citigroup, Deutsche Bank Securities, Goldman Sachs, JPMorgan Securities, and Morgan Stanley

The U.S. Treasury Department owns almost 74% of Ally Financial. A General Motors trust and Cerberus Capital and affiliates are the next largest shareholders with stakes of 9.9% and 8.7%, respectively.

To date, the government has invested at least $15 billion in Ally. 

Among residential lenders, ResCap/GMAC ranks sixth nationwide, according to figures compiled by National Mortgage News and the Quarterly Data Report. It also services $382 billion of home mortgages, making it the fifth largest servicer.

A few days ago Ally closed its MBS broker/dealer unit. It continues to fund loans through retail, wholesale and correspondent channels.

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